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Plaza Agreement (F3)<br />The agreement of the GROUP oF FrvE meeting at the Plaza Hotel, New York, in September 1985 to intervene in exchange markets to bring down the value of the US dollar. $12 billion was spent by central banks in the first few weeks of the agreement. Within a year the US dollar was devalued by 22 per cent. However, the US trade deficit continued to be large.
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<strong>PRI</strong> – Participation Rate Index, a cohort default rate appeal option for postsecondary institutions with a low percentage of students participating in the federal loan programs.
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